Metal Scrap Performance in China
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East China Metal scraps performance on July 16
2025-7-16
Copper: Today, the copper price in Foshan market stopped falling and stabilized, and the market transactions continued to be cautious. The CPI data of the United States in June reduced the possibility of a recent interest rate cut, and tariffs will become the next focus. Analysts said that as the August 1 tariff implementation deadline approaches, there is limited time to ship copper to the US inventory without bearing a higher tax rate. Therefore, it is expected that the outflow of LME copper will start to slow down as the deadline approaches. At present, the downstream market is still cautious in purchasing after the copper price has fallen, or because it is in the off-season, the order improvement is general and the overall situation is still weak. Looking forward to the after-market, domestic economic data shows preference, but the uncertainty of overseas tariffs and fundamentals are in the off-season, so it is difficult to judge that copper prices have ended the callback and entered a rebound.
Aluminum: Today, the price of aluminum in Foshan market is rising steadily, but the market trading mentality is still cautious. Yesterday, the aluminum ingots in the three places turned smaller and went to the warehouse again, but it is expected that the trend of accumulated warehouses will still be difficult to change. At present, the demand in the aluminum market is still in the off-season, and the improvement in demand is limited. The spot market turned from weak to good, and some cargo holders kept their prices high based on low aluminum prices. Aluminum prices stopped falling and rose slightly, and downstream purchases also increased, and the transaction was good.
Zinc: Today, the price of zinc fluctuates sideways. Merchants are cautious, and basically purchase according to orders. The spot price of zinc has not changed much. SHFE zinc failed to break through the previous high, which affected the purchasing mentality of manufacturers, basically maintaining on-demand procurement, and the overall market transaction was dull.
Stainless Steel: The nickel price reversed the decline to repair the decline, boosted the stainless steel market sentiment, the futures market improved, the spot 304 steel strip was upgraded and tested, and the scrap transaction also showed signs of upward trend. In order to further increase the receiving volume, most of the manufacturers in the industry were able to increase slightly. At present, the shock of stainless steel is still weak, and it is possible to continue to build the bottom market in the after-market. (for reference only)
Aluminum: Today, the price of aluminum in Foshan market is rising steadily, but the market trading mentality is still cautious. Yesterday, the aluminum ingots in the three places turned smaller and went to the warehouse again, but it is expected that the trend of accumulated warehouses will still be difficult to change. At present, the demand in the aluminum market is still in the off-season, and the improvement in demand is limited. The spot market turned from weak to good, and some cargo holders kept their prices high based on low aluminum prices. Aluminum prices stopped falling and rose slightly, and downstream purchases also increased, and the transaction was good.
Zinc: Today, the price of zinc fluctuates sideways. Merchants are cautious, and basically purchase according to orders. The spot price of zinc has not changed much. SHFE zinc failed to break through the previous high, which affected the purchasing mentality of manufacturers, basically maintaining on-demand procurement, and the overall market transaction was dull.
Stainless Steel: The nickel price reversed the decline to repair the decline, boosted the stainless steel market sentiment, the futures market improved, the spot 304 steel strip was upgraded and tested, and the scrap transaction also showed signs of upward trend. In order to further increase the receiving volume, most of the manufacturers in the industry were able to increase slightly. At present, the shock of stainless steel is still weak, and it is possible to continue to build the bottom market in the after-market. (for reference only)
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